【SMM Shanghai and other 1# lead market afternoon review: Shanghai lead renewed a five-year high, and downstream enterprises' rigid demand is biased towards recycling】

SMM May 13th news: The prices of Chihong and Honglu lead in the Shanghai market ranged from 18,165 to 18,265 yuan/ton, quoting a premium of 0-50 yuan/ton against the Shanghai lead 2405 contract or 2406 contract; in Jiangsu and Zhejiang regions, Jiangtong and Jinde lead ranged from 18,195 to 18,295 yuan/ton, quoting a premium of 30-60 yuan/ton against the Shanghai lead 2406 contract. The strength of Shanghai lead remained unchanged, and it renewed a five-year high again, coupled with the approaching delivery of the Shanghai lead 2405 contract.